23rd June, 2019
President, African Development Bank (AfDB), Dr. Akinwunmi Adesina has said the menace of kidnapping and banditry in Nigeria would be arrested with more investments and job opportunities for the youths.
He spoke at a meeting with Governor Kayode Fayemi of Ekiti State at the weekend in Abidjan, Cote d’Ivoire, saying that government must find a way to create jobs for the teeming population of unemployed youths, in order to secure the future of the country.
“Our job is to support and we have been supporting Nigeria. We are willing to support you”, the AfDB President added.
Adesina expressed its readiness to provide technical and financial support for Ekiti State Government to upgrade its infrastructure, including fixing the Ado Ekiti- Akure road, which is currently in a terrible state.
Other projects which the AfDB is willing to support are the Ekiti Airport, the Ekiti Knowledge zone (a smart city to promote knowledge economy) and the agriculture processing zone project, all geared towards improving infrastructure and socio– economic development of the state.
Speaking at the meeting, Fayemi said his administration decided to seek AfDB’s support for the projects that were crucial to the infrastructure and industrial development of Ekiti State so as to improve the fortune of the state, reposition it as a destination of choice for investment and create jobs.
Specifically, he said Ekiti State needed to upgrade its infrastructure and invest in agric business, which would in turn provide jobs for its teeming population of youths, which he put at 75 percent of the state’s total population. He added that setting up a smart city to promote knowledge economy is also crucial to the administration.
Fayemi said: “These are our local priorities. If you can support us, it will enable us to do some other things through our own limited resources.
“We have aligned our priorities to the AfDB’s priorities which apply to us, such as lighting up Africa; Feeding Africa; Industrialise Africa etc. All these apply to us as our plan is to make Ekiti a destination of choice for her citizens and all those who will like to live, work and invest in the state.
“To achieve this, we need to invest heavily in infrastructure. We want to fix the roads, have our small cargo airport that will aid agriculture and open our landlocked state to domestic and international markets and ultimately create jobs that our state urgently needs for its vibrant and educated youth population.”
The meeting which was attended by the top officials of the AfDB, including its Senior Vice President, Charles Boamah; three Vice Presidents, Celestine Monga, (VP and Chief Economist); Vivienne Banke (VP Agriculture, Human and Social Development) and Ms Bajabulile Tshabalala (VP Finance and Chief Finance Officer); Senior Director for Nigeria, Ebrima Faal; among others, reviewed the project proposals tabled by Fayemi and resolved to provide necessary support to the government to actualise them, in line with the Bank’s mission of supporting national and sub national governments’ development plans.
As a follow up to the meeting, a team of technical experts from AfDB headquarters would be in Ekiti State in the next few weeks for further discussion and assessment of the various projects. The visit and other activities that would follow would prepare the ground for the bank’s final decision.